Turkey Video Surveillance Market Synopsis
The Turkey video surveillance market grew at a considerable rate during the pre-Covid years as the government of Turkey has been placing a strong emphasis on the development of security infrastructure across the country to enhance safety and security and further, government initiatives like the Eleventh Development Plan (2019-2023) and development of smart cities across the country acted as a catalyst for the growth of video surveillance system market in the country. However, the market witnessed a decline in 2020 led by COVID-19 and the lockdown imposed by the government which led to a halt in economic activities, closed commercial places, and education institutions, and adversely affected the hospitality sector. Further, the market recovered by the year 2022 owing to the resumption of commercial projects for instance Istanbul International Finance Center Ziraat Tower I, Mahall Bomonti Izmir etc.
Turkey Video Surveillance Market OverviewAccording to this research, the Turkey video surveillance market size is anticipated to grow at a CAGR of 3.7% during 2023-2029F. The rising crime rate with the country registering an increase in the crime rate index from 39.7% in 2021 to 40.1% in 2023 is one of the major factors spurring the overall demand for video surveillance systems in the country. With the growing need for intelligent security systems and rising government initiatives to double its infrastructures such as railways, highways, and airports, the video surveillance market has been gaining traction in recent years. Moreover, Turkey is planning to invest $198 billion in the expansion of its infrastructure of highways, railways, and airports by 2053 which would augment the demand for video surveillance to monitor safety and security in public places during the forecast period.
Turkey Video Surveillance Market Revenue ShareMarket by Components
In 2022, video surveillance cameras held a major share of the Turkey video surveillance market due to an increase in demand for cameras in public spaces such as roads, malls, construction sites, etc for surveillance. This segment will retain its dominance in the market in the years to come.
Market by Application
The government and transportation sector is the biggest consumer of surveillance devices followed by banking and financial institution due to construction and developmental projects by the government in the transportation sector. It will remain the highest-growing segment in the market.
- Turkey Video Surveillance Market Opportunity AssessmentKey Attractiveness of the Report
- COVID-19 Impact on the Market.
- 11 Years Market Numbers.
- Historical Data Starting from 2019 to 2022.
- Base Year: 2022
- Forecast Data until 2029.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- Turkey Video Surveillance Market Overview
- Turkey Video Surveillance Market Outlook
- Turkey Video Surveillance Market Forecast
- Historical Data and Forecast of Turkey Video Surveillance Market Revenues & Volume for the Period 2019-2029F
- Historical Data and Forecast of Turkey Video Surveillance Market Revenues & Volume, By Components, for the Period 2019-2029F
- Historical Data and Forecast of Turkey Video Surveillance Camera Market Revenues & Volume, By Camera Type, for the Period 2019-2029F
- Historical Data and Forecast of Turkey Video Surveillance Recorder Market Revenues & Volume, By Recorder Type, for the Period 2019-2029F
- Historical Data and Forecast of Turkey Video Surveillance Market Revenues, By Applications, for the Period 2019-2029F
- Market Drivers and Restraints
- Turkey Video Surveillance Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Turkey Video Surveillance Market Revenue Share/Ranking, By Companies
- COVID-19 Impact on Video Surveillance Market
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Components
- Video Surveillance Cameras
- Video Surveillance Recorder
- Video Surveillance Encoder
- Video Management Software
By Application
- Banking & Financial
- Government & Transportation
- Retail & Logistics
- Commercial Offices
- Industrial & Manufacturing
- Residential
- Hospitality & Healthcare
- Educational Institutions
Table of Contents
Companies Mentioned
- Axis Communications AB
- Bosch Security Systems, Inc.
- Hanwha Corporations
- Hangzhou Hikvision Digital Technology Co. Ltd
- Pelco Corporations
- Avigilon Corporations
- Honeywell International Inc.
- Panasonic Corporation
- Zhejiang Dahua Technology Co. Ltd.
- Cisco Systems Inc.
